Overview of the Market:
The North America Healthcare analytics market is which is currently validated to be a $3.13 Billion market in 2018 and is set to reach $11.4 Billion by 2023 with an annual growth rate of 29.54%. Analytics in healthcare is an evidence-based approach of collecting the data and analysing it to depict patterns and trends in healthcare for improvised and effective interventions.

The usage of IT in the healthcare sector has been exponentially increasing over the previous year’s aiding the growth of healthcare analytics market, which uses the chronological data in estimating the future trends, evaluate the decisions and to measure the performance that helps in improving business process and outcomes. This analysis helps in improving the accuracy, service delivery of health system and efficiency with increased quality patients care and clinical outcomes laterally to the reduced cost and hospital readmission. It has also helped to tack a number of challenges in the healthcare industry where health insurance companies, resource crunches, regulatory pressure on healthcare providers, identification of population at risk amidst the global pandemics.

With the Integration of healthcare mandates around the world, there is an emergence of big data, increasing adaptation of IT in healthcare sector, emerging fields of prescriptive, predictive analytics, the digitization of world commerce, and the capital investments are powering the growth of this market sector. Security issues, breach of confidential information, technological and cultural hurdles at the data source point, and low skilled workforce is causing concerns among the individuals and may confine the growth of this market across the globe. In addition, in creating analytics network, it has to overcome barriers regarding fragmented political and economic relations among the countries may also act as a major factor hindering the market growth.

The segmentation of the healthcare analytics market is based on the types, components, applications, end users, delivery modes, and regions. Again basing on the type, the market is categorised into predictive, prescriptive analytics and descriptive/retrospective. By application it is analysed as a Financial, Clinical and Operational & Administrative Analytics. Based on the end-users such as, public health systems, private healthcare providers, healthcare providers, Monitoring agencies, Health Insurance companies, Clinical and Medical research bodies, technology vendors.

The healthcare providers segment among the end users is predicted to grow at the highest CAGR during the forecast period. Federal mandates for the implementation of EHRs and ICD-10 code sets, swing towards value-based medicine and also, the increased focus on reduced costs and quality care are excelling the growth of this segment.

Geographical Analysis:
On the basis of geography, the North America market is analysed under USA and Canada regions. North America currently has the largest share of XX% of the global market in 2015 and is estimated to dominate the market during the forecast period, owing to the federal mandates reassuring Healthcare IT acceptance in this region.

Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market